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1816 Old St Augustine Rd 5,730 SF Office Building Tallahassee, FL 32301 $1,675,104 CAD ($292.34 CAD/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Immaculate condition
- Current 10-year NNN lease
- Auxiliary power
EXECUTIVE SUMMARY
This is a 5,700+ SF office building and data center located near retail, professional services, and state offices convenient to Downtown Tallahassee. In immaculate condition and featuring auxiliary power, multiple office spaces and conference rooms with ample parking. Currently leased for 10 years, NNN (with caps), 7.2% cap rate, and zoned OR-3. Please note, current tenants do have First Right of Refusal. Professional photos coming soon!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
5,730 SF
Building Class
C
Year Built
1963
Price
$1,675,104 CAD
Price Per SF
$292.34 CAD
Cap Rate
7.20%
NOI
$120,607 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,730 SF
Building FAR
0.12
Lot Size
1.11 AC
Zoning
OR-3
Parking
25 Spaces (4.36 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 31-05-20-011-002.0 | Improvements Assessment | $346,265 CAD |
| Land Assessment | $219,217 CAD | Total Assessment | $565,482 CAD |
PROPERTY TAXES
Parcel Number
31-05-20-011-002.0
Land Assessment
$219,217 CAD
Improvements Assessment
$346,265 CAD
Total Assessment
$565,482 CAD
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1816 Old St Augustine Rd
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